-SINCE SO MANY SOCIALISTS ARE COMING OUT OF THE WOODWORK, OUR UPDATED THOUGHTS!-

-Socialism…Socialism is not funny. Socialism is not to be applauded. Socialists are selling you a scam. Socialists are selling you a con. Socialists are selling you a lie. The scam, the con, the lie is that everything is rigged, everything is being stolen from you, that all wealth is being re-distributed to the wealthy and nobody can get ahead because of all this.-

-The fact is the biggest redistribution of wealth is not TO THE wealthy but FROM the wealthy to government. Most of the wealthy earn their money. It’s called education! It’s called hard work! It’s called time! It’s called sweat! It’s called toil! It’s called risk taking! It’s called failure! It’s called success! It’s called long days and long nights! It’s called risk capital! It’s called growing! It’s called hiring! It’s called creating jobs! It’s called creating wealth. Socialists know nothing of this because socialism has never created $1 of wealth. Socialism has never created one job. Socialists and socialism have been living off the largesse of the taxpayer since the day socialism was born. Socialists are great at whining, complaining and pissing all over those who have created all the wealth and jobs.-

-It’s the person who came up with the restaurant concept named Chipotle and started with one and turned it into over 1800 restaurants creating billions of wealth and thousands of jobs.-

-It’s Arthur Blank and Bernard Marcus who were fired from their jobs who started Home Depot along with Ken Langone, leading to almost 2,300 stores doing $100 billion of sales, creating billions of wealth and 400,000 employees.-

-It is Mark Zuckerberg who had an idea to get dates in college which started Facebook, creating billions of wealth and thousands of jobs.-

-It’s Michael Dell who started selling computers in a garage and then created billions of wealth and thousands of jobs.-

-It’s Charles Schwab who saw prices could get lower on Wall Street and created billions of wealth and thousands of jobs.-

-It’s Sam Walton who started with one store. Over the years, turning into a retail goliath with 2.3 million employees and $500 billion of sales, single-handedly bringing down the rate of inflation with their lower prices.-

-It’s Bill Gates who now has given tens of billions to philanthropy.-

-This list of great success can go on and on and on.-

-None of these people had anything re-distributed to them. THEY EARNED EVERY DIME! People like Sanders, Ocasio, Warren and the rest do not want you to know any of this.-

-They could not tell you any of this because they will never be able to sell their lie. They cannot ever compliment these people because it does not fit the template. In fact, they spend most of their time pissing all over these people. Again, the amazing part of all this is that the only re-distribution that is really going on is not to the wealthy but from the wealthy to the Bernie Sanders-types as government spending continues to skyrocket yet they want more and more. And for what? Just what are we getting for the money?-

-And how about Wall Street? According to socialists, it is the land of evil, land of devils, land of crooks who are out to just rip you off. Well…when Bernie Sanders was born, the Dow was at 127. Yes…127! Wall Street and the markets have created trillions of wealth and millions of jobs. Wall Street has turned secretaries into millionaires…millionaires into billionaires and so on. Wall Street and the markets have spawned companies like Microsoft, Amgen, Facebook and all the amazing companies that have improved our lives through modern technology, through new medicines and great inventions.-

-With Sanders, Ocasio, Warren and the rest wanting to confiscate more and more of this country’s wealth, let us remind you of some important facts on this nightmare called socialism:-

-Socialists are only socialists with other people’s money. They are quite the capitalists with their own money. Sanders worth millions flying private jets. Warren now wanting asset forfeiture while now worth millions after lying about her heritage to move up in life. Do we even have to mention Chavez’ family worth billions?-

-Socialism cannot even turn on the lights without the money from capitalism. Socialism creates nothing. Socialism has no profit motive. Socialism just takes from one and promises to give to another. It only acts as a Hoover vacuum sucking up everything in sight.-

-On that note, socialism never pays out $1 for $1. Give a socialist $1. Before it flows down, just take 80 cents off to pay for the commission on the commission for the committee for the other committee to the contractor who is the nephew of the socialist.-

-Have you noticed it is now “democratic socialism?” Yup, the marketing wasn’t working with just “socialism” so throw in the word “democratic” to make it sound better. There is nothing democratic about socialism.-

-There are blatant examples in plain sight of what socialism does. Currently, we have seen the utter destruction of a once great country called Venezuela because of all the money and business being sucked away by the few. We quote Bernie from 7 years ago: ” the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina.-

-Socialists have typically never run a lemonade stand but will do their very best to convince that they should be running major swaths of the economy.-

-Socialists and socialism hate the successful and the wealthy. They have no use for them because the successful and the wealthy have no need for socialism and socialists.-

-The national media takes the side of socialists. You don’t believe us? Just watch. Don’t ask us why this occurs. We have no clue.-

-Socialists tell you everything will be free. We will let that statement stand alone.-

-Higher taxes do not affect the already wealthy but they prevent others from becoming wealthy as the more you move up in life, the more they try and confiscate.-

-Socialists lie, lie and lie more. The latest joke is that we will all die in 12 years if we do not pay up to stop climate change. Notice the media not making fun of this farce. They also tell us things were just fine when rates were 70%+. They do not mention what the economy has done since rates came way down. It exploded to the upside.-

-When socialism overtakes capitalism, you get Venezuela of 5 years ago. When capitalism is all gone, you get the Venezuela of today.-

-Socialists are just plain dumb. Guess what every wealthy person is now doing and going to do because of Warren calling for a asset forfeiture while the rest are calling for 70%, up to 90% tax rates? They are already planning in advance. There’s going to be a lot of new building in the Bahamas and Bermuda.-

-Just ask yourself some logical questions. Why haven’t we seen any caravans heading for Venezuela? Why have more than 3 million people left Venezuela?-

-We really can go on and on. These people really do not believe you have earned your money. They really do believe wealth is evil. They really do believe it is their life’s calling to confiscate as much as they can to take you down a few notches. They are very loud and vociferous but their numbers never add up. They tell you all that dough will help others but they have never helped anyone. Once they get started, they never stop. The Millennials who believe do not know it yet but it is them who will be affected the most negatively. If they have their way, just try becoming wealthy!-

Gary, so true. The indoctrination of our children in the classroom is ramped. They leave college more confused than when they started. That in itself is Socialism! When you are taught to not think for yourself and follow a doctrine of others. Because he who dares think for themselves are a threat to the doctrine. The mainstream media is as much at fault for the indoctrination of our nation and incompetence and corruption in our government. When they talk about Argentina they don’t tell you that most taxi drivers have College Degrees like Mechanical Engineers and so on. What they don’t have is a job. Unless of course, you have someone in government that can facilitate that. The most corrupt governments are socialists. I’ve worked with people that escaped those countries and they said that they had never worked as hard in their lives, because weather they produced or not, would still have to wait in line for the FREE toilet paper. They’ve also said that we are the hardest working people they’ve known. That is one of the big differences between Capitalism and Socialism. Go to work and earn your keep or stand in line for whatever free stuff they think you need.

I think you have erected a straw man. Over 50% of US expenditure goes on the military – more than the seven next countries combined. Quite what the US is afraid of is not clear. Some of that could be used to provide decent health care for all its citizens as every other advanced country does. Nowhere else in the advanced world do people go bankrupt because of medical bills.

The last posting is very misleading. Discretionary and Mandatory spending includes approximately 28% for Health and 26% for Social Security of the total budget. Total of 54%. Of the remaining 46% of the total budget approximately 16% is for Defense and Homeland Security. This leaves 30% of the budget for other expenditures.

David, so right. One should also point out that the amount of money spent also has to do with the cost of manufacturing at US pay rate and not China or Argentina. To that we can add that our Brave police the rest of the world. That’s the reason our President is fighting to bring our boys home, and ask that the other Countries Pay their fare share. I’m also sympathetic to John. The medical system is out of control but it is called cost sharing for them. So we pay ten dollars for a bandaid . . . President Trump and a few In Congress and the Senate are trying to make changes and the have made some progress but you always need a majority. I’m lucky to be employed and have health insurance but my wife recently was hospitalized and the bills mounted up to almost half a million for 45 days. When we talk about medical care is a complicated subject. But I would look to better what we have rather than the corrupt politicians to decide what type of care we get or who gets it. I’m not rich but got a chance to see and experience through family and friends the social medicine. It’s not what I would want to be on a waiting list and or give the government 60 percent of my pay for all my life for the one day I need it. We should all work together to change things together and for all Americans. Writing to your representatives calling them and respectfully letting them know that they are supposed to work for us and not their personal interests. Weather democrats, republicans or independents because talk is cheep and elections have consequences.

Many entrepreneurs do become legitimately wealthy, but too often some have taken things a few steps too far and pushed their success to the point of exploitation of others. The true capitalists didn’t police the system well enough; they let too many get away with too much, and now the socialists have all the ammunition they could ever want.

Bill Gates? He wouldn’t be donating billions to charity if Microsoft’s monopoly had been mitigated by properly enforced anti-trust laws. Trillions of dollars in economic destruction from Microsoft’s anti-competitive trade practices. Zuckerberg? Facebook wouldn’t be rolling in sleazy dough if it was held to decent standards of data privacy. Ditto Google. As for Wal-Mart, its trade practices have also earned ample and reasonable criticism. And don’t even get me started on the banks! How many people lost their homes in 2007-2010 because of shoddy banking, again?

Finally, consider that for every genuinely innovative company, there are dozens of Crony fake-capitalists grifting off taxpayer funds one way or another … if they hadn’t greased the wheels to give themselves so many billions at the expense of the middle class, the fake-socialists also wouldn’t have so much ammunition.

Yes, socialism is evil, but faux-capitalism ain’t any better. Monopolies must be reigned in and grifting has to be expunged.

Wisdom seeker, I agree with you, but remember that the 99 percent of the hard working businesses and people are not the google and such, so directed to the few and the majority of the people in government that line their pockets with the 1 percent. I’ve always worked as an employee and have to be thankful that they had the guts, the competence and strive to employ me! So again call, write and demand your talking heads representatives to act. I’m with you!

In Mexico socialist or for that matter communists are called “radishes”, they are red on the outside but white on the inside.
They preach the “Robin Hood” story line to the less fortunate for the purpose of getting elected, but once elected, they live the good life out of the government budget.
Castro, Lenin, Chavez, Maduro and the rest of the lot, lived very comfortable lives once in power and then after. By the end of their political life, they and their friends become very wealthy.
The electoral process in most of the free world has to change since it has a major flaw: It rewards the politician that offers the most free items.
You seldom hear a politicians political platform be about having to make sacrifices, hard work, save and invest, live within your means and live a life of hard work to get ahead.

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), a state registered investment adviser. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.